Nevada Canyon Go Financials

NGLD

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Nevada Canyon Go (NGLD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

1/9

Nevada Canyon Go passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.27x

For every $1 of reported earnings, Nevada Canyon Go generates $0.27 in operating cash flow (-$954K OCF vs -$3.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$3.6M

YoY-34.2%

Nevada Canyon Go reported -$3.6M in net income in fiscal year 2024. This represents a decrease of 34.2% from the prior year.

EPS (Diluted)

$0.14

YoY-33.3%

5Y CAGR+28.5%

Nevada Canyon Go earned $0.14 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 33.3% from the prior year.

Cash & Debt

$7.0M

YoY-27.8%

5Y CAGR+80.5%

Nevada Canyon Go held $7.0M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

27M

YoY+8.7%

5Y CAGR+43.8%

Nevada Canyon Go had 27M shares outstanding in fiscal year 2024. This represents an increase of 8.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NGLD Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$57K-22.3%	$73K-35.9%	$114K+88.5%	$61K+427.8%	$11K-95.4%	$252K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$3.6M-34.2%	-$2.7M-70.6%	-$1.6M-124.7%	-$693K-340.3%	$288K+65.8%	$174K
EPS (Diluted)	$0.14-33.3%	$0.21+141.2%	$-0.51	N/A	$0.06+50.0%	$0.04

Metric	Q3'25	Q3'25	Q3'25	Q3'24	Q3'24	Q3'24	Q3'24	Q4'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$26K+30.5%	$20K+10.6%	$18K	N/A	$8K-65.1%	$22K+39.1%	$16K	N/A
Operating Income	-$13K+15.8%	-$16K	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.5M-323.6%	-$365K+58.6%	-$882K	N/A	-$829K+4.2%	-$865K-3.1%	-$839K	N/A
EPS (Diluted)	$0.05+400.0%	$0.01-66.7%	$0.03	N/A	$0.03-25.0%	$0.040.0%	$0.04	N/A

NGLD Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$10.4M-6.3%	$11.1M+488.8%	$1.9M-7.0%	$2.0M+19.5%	$1.7M+20.6%	$1.4M
Current Assets	$7.5M-26.6%	$10.3M+916.5%	$1.0M-29.9%	$1.4M+61.2%	$895K+142.9%	$368K
Cash & Equivalents	$7.0M-27.8%	$9.7M+867.6%	$1.0M-29.1%	$1.4M+59.0%	$894K+143.4%	$367K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.3M+0.6%	$1.3M-1.2%	$1.3M-26.2%	$1.8M+25.1%	$1.4M+0.2%	$1.4M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$9.1M-7.2%	$9.8M+1631.0%	$567K+136.3%	$240K-10.5%	$268K+1432.8%	-$20K
Retained Earnings	-$8.7M-69.0%	-$5.2M-105.9%	-$2.5M-163.5%	-$951K-267.3%	-$259K+52.7%	-$547K

Metric	Q3'25	Q3'25	Q3'25	Q3'24	Q3'24	Q3'24	Q3'24	Q4'23
Total Assets	$9.2M-7.3%	$9.9M-1.9%	$10.1M-3.2%	$10.4M-3.4%	$10.8M-2.1%	$11.0M+0.6%	$11.0M-1.5%	$11.1M
Current Assets	$6.3M-10.6%	$7.1M-2.1%	$7.2M-4.4%	$7.5M-4.7%	$7.9M-18.0%	$9.7M-4.1%	$10.1M-2.2%	$10.3M
Cash & Equivalents	$6.1M-9.2%	$6.7M+0.2%	$6.7M-4.4%	$7.0M-4.9%	$7.4M-18.7%	$9.1M-5.5%	$9.6M-1.1%	$9.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5M+11.8%	$1.4M+4.4%	$1.3M-0.5%	$1.3M+2.9%	$1.3M-2.4%	$1.3M+2.2%	$1.3M-2.0%	$1.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$773K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.7M-10.3%	$8.5M-2.8%	$8.8M-3.6%	$9.1M-4.2%	$9.5M-2.1%	$9.7M+0.4%	$9.7M-1.5%	$9.8M
Retained Earnings	-$11.5M-15.5%	-$10.0M-3.8%	-$9.6M-10.1%	-$8.7M-13.4%	-$7.7M-12.1%	-$6.9M-14.4%	-$6.0M-16.3%	-$5.2M

NGLD Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$954K+16.7%	-$1.1M-166.1%	-$431K-93.7%	-$222K-399.3%	-$45K+53.5%	-$96K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$2.2M-3625.0%	-$60K-136.4%	$165K+169.2%	-$238K-144.0%	$541K+17.5%	$460K
Financing Cash Flow	$481K-95.2%	$9.9M+6862.9%	-$147K-115.0%	$980K	N/A	$1K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'25	Q3'25	Q3'24	Q3'24	Q3'24	Q3'24	Q4'23
Operating Cash Flow	-$581K-572.0%	-$86K+85.0%	-$577K-343.5%	-$130K+49.1%	-$255K+21.9%	-$327K-35.5%	-$241K+55.3%	-$540K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$40K-140.0%	$100K+600.0%	-$20K+90.0%	-$200K+87.0%	-$1.5M-224.2%	-$475K-2275.0%	-$20K	$0
Financing Cash Flow	$0	$0-100.0%	$288K+969.9%	-$33K-137.6%	$88K-67.2%	$268K+69.6%	$158K-47.5%	$301K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NGLD Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	107.5%	N/A
Return on Assets	-34.2%-10.3pp	-23.9%+58.5pp	-82.4%-48.3pp	-34.1%-51.0pp	17.0%+4.6pp	12.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.14+0.0	0.13-2.2	2.33-5.1	7.47+2.1	5.34+76.4	-71.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'25	Q3'25	Q3'24	Q3'24	Q3'24	Q3'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	39.3%-83.7pp	123.0%	N/A
Return on Assets	-16.9%-13.2pp	-3.7%+5.1pp	-8.7%	N/A	-7.7%+0.2pp	-7.8%-0.2pp	-7.7%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.01
Debt-to-Equity	0.20+0.0	0.16+0.0	0.150.0	0.14+0.0	0.130.0	0.130.0	0.130.0	0.13
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Nevada Canyon Go profitable?

No, Nevada Canyon Go (NGLD) reported a net income of -$3.6M in fiscal year 2024.

What is Nevada Canyon Go's earnings per share (EPS)?

Nevada Canyon Go (NGLD) reported diluted earnings per share of $0.14 for fiscal year 2024. This represents a -33.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Nevada Canyon Go's operating cash flow?

Nevada Canyon Go (NGLD) generated -$954K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Nevada Canyon Go's total assets?

Nevada Canyon Go (NGLD) had $10.4M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Nevada Canyon Go have outstanding?

Nevada Canyon Go (NGLD) had 27M shares outstanding as of fiscal year 2024.

What is Nevada Canyon Go's debt-to-equity ratio?

Nevada Canyon Go (NGLD) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nevada Canyon Go's return on assets (ROA)?

Nevada Canyon Go (NGLD) had a return on assets of -34.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Nevada Canyon Go's cash runway?

Based on fiscal year 2024 data, Nevada Canyon Go (NGLD) had $7.0M in cash against an annual operating cash burn of $954K. This gives an estimated cash runway of approximately 88 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Nevada Canyon Go's Piotroski F-Score?

Nevada Canyon Go (NGLD) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nevada Canyon Go's earnings high quality?

Nevada Canyon Go (NGLD) has an earnings quality ratio of 0.27x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.